I believe MCT will be a great beneficiary from the HSR project, it's really like durian runtuh, as even without the HSR, they're relatively OK.
The HSR if it's progressing, will certainly drive up the land values in cyberjaya, as long term wise it will encourage more MNCs to setup office in KL South/Cyber area all along the track.

Low downside risk, due to the long term support at 16 cent. you'll lose 3 bids of paper loss, with very good upside potential, as it can easily go back to 25-35 cents.

still too much ppl like moneyking543, raise 3-4 bid take profit, drop 1-2 bid cut loss... lol
Hard to escape this cycle if got 'investors' keep willing to cut loss and sell it back to 17, 17.5 after buying it for a few days...

no project announcement, but it's been so deeply oversold...
To the new shareholders, welcome, and hold on to your shares ffs' lol.. don't cut loss have patience and u'll be hugely rewarded in the next 1 years.

But i guess everybody is trying to make a quick buck and will sell in 1 week -_-

interesting, a new wave did come in

I wonder who is still buying meridian shares.... you realize that there's 0 business (operations) income, the previous Seth Yap with the so called tourism city project has sold out all his shares.. (Limited future earnings visibility)

The price way exceeds their NAPS... seriously, the only reason the share price is still high is due to somewhat strong holding power of whoever that is still holding the shares.

And they're again asking more money 30% from the shareholders...

Once the selling starts, it'll get real ugly real fast... my 2c....

The uptrend was broken yesterday, to me prices above 1.30 is purely traded on technical basis d... not much fundamentals to support. If you're buying above 1.30, my advice is, you should know what your doing and note your risks accordingly.

After the downtrend yesterday, sure it can go up higher today.. but overall i'll say the downside risk is higher in the immediate term... if this 2-3 days don't go above 1.65, a lot of ppl will be cutting loss, or taking profit and the selling pressure will be higher.

Really depends on the buyers now, if no new wave come in, high selling pressure d

007007 where you hear about this? Rumour? Fact?

RM 1.69, 50% of yesterday's volume, 36million shares, transacted at half day, at profit taking/cut loss prices.. very healthy accumulation of volume.

Up to now, uptrend is still intact.
As of yesterday, 10.30AM RM 1.67 @ 19.5million volume
Today 10.30AM RM 1.67 @ 20.8million volume.

It's kind of a healthy profit taking happening, even if today closes at 1.70 again with another 50 million shares, that's still a very healthy accumulation/after absorbing the profit taking that's happening, with 120 million shares transacted.

Actually, why IOIPG interest is so low... even today, with the limit up, then retrace a bit back.. forum is so quiet...

director bought 5 million shares at RM 1.30 these two days...

MCT has a big landbank in CyberSouth there, that's still pending development... the HSR project revival will be a gold mine to MCT, assuming 16.5c long term support, vs 25, 30cent target price, risk to reward ratio is good.

KLCI also just broke resistance of 1620.. general bullish trend.

that one will depend on your risk factor... do u want to escape early, or wait long.

in times like this, you really need to be certain of what you're buying.
Sure got vaccine news, but besides vaccine. Fundamentally, IOIPG earned 3.49 in its latest quarter.. this is with the IOI MALL and IOI Hotels not doing well.

3.49*4*10 = This alone, is worth 1.40

Assuming property business maintain performance, and mall + hotel recover after vaccine, easily EPS is 3.8*4*10 = 1.52

If you add vaccine as another 10cent, 1.62

My above calculation is with just PE 10 ya, if u multiply PE 12, it'll be easily RM 2. But the question is, can you wait until then... or should you wait until then

+1 to Hua Yang :D

can it close at 131 today with 10 million volume.... the good thing with the current uptrend is, on a daily basis, profit taking is happening... so the buy/sell is actually quite balanced.. and it's not a big pump, and then suddenly a very big selloff. Closing 130+ today will still support the uptrend.

insider info, news or no news, the technical indicators are very strong yesterday, a gap up with huge volume, + 3 white candles, a close of 1.25-1.28 ish today with around 5 million volume will still keep the uptrend intact... currently under selling pressure, will the 1.22 support hold until 12.30

healthy amount of profit taking happening now... will be easier to push past 1.30 tomorrow if uptrend remains

1.28 becomes support and resistance as well... 430pm d, seems like 127/128 can sustain til close.

there is no good news....

6.3 million volume @ 1.13, 3.03PM, not bad not bad.. just close at 1.13 is good enough

the next 2 million volume will determine 1.20 or 1.05 closing today.

let the profit taking wave comes and see how.

not likely Rain... the question now is, can today volume exceed 6m, and can it close at 1.10++ if yes, uptrend is intact and will go towards 1.20++

Good in the sense that
1) QoQ, Revenue increased 300% and Profit increased 400%

The balance sheet is very very strong.
1) Cash and Bank balance of 0.53 billion
2) Decrease of 16m to amount owed to holding company.

Not so good is
PnL is still negative, mainly because of repayment to holding company.

It's improving in balance sheet and assets, and in the coming 6 months, the earnings and PnL will be very very good.

excellent QR at 3.5 cent EPS.. Confirm sustain above RM 1
3.5*4*8 = 1.12 minimum...

buy 10 million shares bangun lagi cepat

u buy 100k shares it will bangun

share dividend, 4.5 shares per 100 existing shares, equivalent to 4.5% return!!

The public shareholding already drop below 25% about 2 weeks ago.
And recently, a lot of shares have been traded as well, the volume for the past 5 days is huge.

Anyone believe that they may privatize the company?

Buybuybuy @@

need holding power guys!!

MCT can explode back one... it's accumulating volume

Any guys cutting loss already? Mmmmmm heavy selling, even to 16.5 most likely whoever is selling now, is selling at a loss

BBB

It may still go up, nobody knows.

xcb kena trap 99

I guess it's 'good' also in a way that they're in Receivership, at least it'll force them to do 'something' rather than to keep on going like this without any directions.

Wish they would just sell off all their land and close shop..

The directors just sitting there getting paid and not doing anything to improve their condition for the 2nd year in a row already. Money from their current project in kepong is not even enough to pay the directors wages i guess...

Just sell of the piece of land in Shah Alam and pay off the loans to reduce the finance charges if they are just gonna sit on the land and pay finance charges for nothing.

No MGO, just halt to give u chance to read AR and QR that they were late in submitting.. only submit this morning.

Hold or dispose is up to ur investment time/risk profile.
Their QR loss is mainly due to forex hedging, if RM weaken, the hedge will lose money.

From 31st Dec to 31st March RM weakend from 4.09 to 4.31 thus the hedge loss.
Assuming RM move within +- 5% from now, we can expect there's minimal hedge gain and loss every quarter from now on. The hedge is mostly a paper loss at this moment. But the weaker RM do mean, higher interest paid to holding company.

You're investing in the property sector Ravindran, and we all know the sector overall is still in the consolidation stage, possibly 1 year more for the V to begin..

However, considering also that we're at the bottom of property cycle, and MCT is still able to generate good sales, and profit.. this is actually commendable.

Their upcoming projects in PJ and SJ should also be of higher margin as it's in a hot and desirable area.

If you're talking about 3 months time frame, it's a sell-hold decison
3-6 months, ~ grey area here...
6-12 months, surely a hold, as the profit will kick in from their new projects.

40+47+45 million in those past 3 days of volume + 60m shares today.
192 million shares traded... average 1.5 = 288 million !!!

more than a quarter of 1 billion leh..

both seller and buyers is institutes, 60 millions shares traded today, how many retailers have 60 millions of shares to sell.

More importantly, in this bear age, how many retailers can have 100 million to buy LC today? even if you say sharks and syndicates, do they really play at the 100m ranges? This is just today's volume only.

If add in the total 4 days of huge buy volume, that's 180m shares, * 1.5 average price.. 240million in total !! A quarter of a billion ringgit leh... it's beyond sharks or syndicate level already i think

not really xterror, you cannot just calculate like that, when the cost of production is lower, this is applicable to LC's competitors as well, they will reduce their selling prices accordingly, and LC will reduce their selling price too.

You can't just assume that a drop in 40% will result in 40% increase of margin.

What i want to say is, as 2018 AR report, top 30 share holders owned 95.2% of the shares.
And in just these 4 days' trading volume, 7.5% of total shares is traded.
95.2+7.5% exceed 100% of the shareholding already...

So it's possible that top 30 shareholders now even hold 100% of the entire shareholding spread.
These 4 days trading volume is certainly not done by you or me.....

When top 30 shareholders owns 98-99% of the shares, the share price will be very very steady, especially considering they have the holding power and is looking at 1-2 years time frame of investment.

When in future someone new want to invest in LCTITAN, there will be almost no more shares available for sale from the usual public share holders like you and me, basically top 30 shareholders will be holding close to 98% of the shares already.

actually, the idea of privatisation by xterrorsinx is not that far off.....

I want you all to study the volume of shares transacted carefully.
16/4/2020 - 45.3m
17/4/2020 - 47.2m
29/4/2020 - 40.3m
30/4/2020 - 40 million (Should be la, based on first 1030AM volume of 23million shares now)

Overall, this 4 days of heavy volume purchases is total of 170m

Total shares

170,000,000 / 2,272,983,500 = 7.5%

LCTITAN shares is 76% privately owned.

almost 33% of publicly owned LCTITAN shares (7.5% vs 24%) has been purchased by someone in 4 days only...

you will see a very different composition of the public shareholding spread in this year's soon to be announced AR.

I'm saying, there is a mistake in their quarter result announcement.

In one part, they are saying a profit of 4.4m and in another part, they are saying a loss of 11.2 million

Please read quarter results, page 9.

It's almost 2 weeks now, and they have not made the correction, did they really profit or did they really lose money, which statement is correct here?

If they lose money, in their review of performance, then they should need to explain the sudden and abnormal increases in Administration and Operating expenses.... normally, it don't make sense to have such a huge increase...

Now in previous Q, with a gross profit of 3m, they had a net profit of RM 30,000, with the current Q's gross profit of 6m, it's a bit hard to understand why they still made a loss of 11m.

Reading up on the profit and loss calculation, the loss is because quarterly Administrative and Operation Costs increased from ~4m (on average) to 16m in the latest quarter!

If the Admin and Operation Costs indeed jumped from 4m > 16m quarter over quarter, what causes such a high jump? a net increase of 12m in Admin and Operating Costs seems rather unlikely.....

Even assuming if it's for the marketing purposes of Luasempit/MTC...

Just wondering if there's anyone else who read the financial report entirely? It's been a week and there's no correction yet.

In terms of their gross profit, it has increased from 3m in prior quarter to 6m now..

While the tables says they made a loss of 11.2 million overall, in their review of performance paragraph writing, they actually says there's a profit after tax of 4.4m, there is a big 16m net difference....

In page 9, of the 4th quarter result,
Under
1. Review of Performance
For the current quarter under review, the Group recorded revenue of RM 7.454 million due to
sales activity from housing landed project at Kuala Linggi. With the incurred of operating expenses
during the financial period, the profit before tax is amounting to RM 4.486 million and profit after
tax is amounting to RM 4.423 million.
Overall for cumulative period, the Group had recorded revenue of RM 13.210 million and profit
after tax of RM 0.903 million.

2. Material Changes in Loss Before Taxation for the Current Quarter as compared with the
Immediate Preceding Quarter
The Group recorded a profit before tax of RM 4.486 million in the current quarter as compared
to a profit before tax of RM 38,000 in the immediate preceding quarter


In pages 17 & 18 as well,
The law suit against PRIMA is coming to the settlement phase, and there's a minimum potential 13m to come in.